Highlights this week:
1. At 21:00 on October 20 (UTC+8), Harker, the 2023 FOMC voting committee member and President of the Federal Reserve Bank of Philadelphia, delivered a speech on the economic outlook.
Stablecoin situation:
1. Tether (USDT) 24-hour change 0.03%, 7-day change 0.55%
2.USD Coin (USDC) has a 24-hour change of 0.42% and a 7-day change of 1.06%
3. Dai (DAI) 24-hour change 1.02%, 7-day change 1.59%
4. TrueUSD (TUSD) 24-hour change 13.22, 7-day change 13.22%
5.Binance USD (BUSD) 24-hour change -0.25%, 7-day change -1.92%
Peripheral US stocks:
The Dow closed down 0.75% at 33414.17 points;
The Nasdaq closed down 0.96% at 13,186.18 points;
The S&P 500 closed down 0.85% at 4,278.00 points.
Fed Inflation Deflation:
On September 21, the Federal Reserve kept the benchmark interest rate unchanged at 5.25%-5.50%, in line with market expectations. According to the Federal Reserve FOMC statement, 12 officials expected one more rate hike this year, and 7 officials expected it to remain unchanged.
Fed Chairman Powell: Evidence shows that current monetary policy is not too tight
Fed Chair Powell: Additional evidence of economic strength could warrant rate hike
Weekly token unlocks:
Axie Infinity (AXS) unlocked 15.13 million tokens at 21:10 on October 20, worth $65.04 million, accounting for 11.50% of the circulating supply
SPACE ID (ID) unlocked 18.49 million tokens at 08:00 on October 22, worth $3.46 million, accounting for 6.46% of the circulating supply
Cartesi (CTSI) unlocked 21.43 million tokens at 12:00 on October 23, worth $2.79 million, accounting for 2.91% of the circulating supply
Acala (ACA) unlocked 4.66 million tokens at 8:00 on October 25, worth $207,200, accounting for 0.56% of the circulating supply
Eeler (EUL) unlocked 145,600 tokens at 10:07 on October 26, worth $379,900, accounting for 0.78% of the circulating supply
Halving situations of major currencies:
BCH halving: 2024-04-08
BSV halving: 2024-04-12
BTC halving: 2024-04-25
ETC production reduction: 2024-08-29
ZEC Halving: 2024-11-19
